Why is it important to have a Shareholders Agreement?
Advivo explains what business owners need to know about Shareholders Agreements It can be very chaotic when starting a new business, there can be many ideas and opinions that are being shared in a short period of time. However, a shareholder’s agreement should be something that takes priority. While it is not a legal requirement [...] Future Proofing Your Business: A Road Map for Digital Transformation
A couple of years ago, pre covid, Chris Morris wrote the below article- Future Proofing Your Business: A Road Map for Digital Transformation. This has proven to be extremely relevant given the events since it was written and so we have updated it for today’s environment. Exploring the options and benefits of digitalisation, automation, and […]
Advivo Newsletter June 2019
What a Month! Since our last newsletter we’ve had an election that confirmed the measures announced in the April Federal Budget are now more likely to become a reality, subject to the cross-bench. It’s important to note that the Low and Middle Income Tax Offset changes are not yet law (and won’t be until post-30 [...] Five Tax Planning Strategies For Every Business
Advivo inspire their clients, this quote from Winston Churchill says it all “If you fail to plan, you are planning to fail” It’s the end of the financial year and many businesses are thinking about that five-letter word: taxes. Fortunately, there are some tax planning strategies that your business can use to avoid panic and […]
Advivo Newsletter May 2019
Welcome to the new look Advivo Newsletter, we hope you like it. As many of you already know the very core of what we do at Advivo is to help you grow your business, yes the accounting and tax compliance is essential too but it does not add value to what you do and work [...] The ATO is always watching…
ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon. What is changing is that with the introduction of […]
Advivo Business Navigator March 2019
March 2019 - Rolling Into The Final Financial Quarter We made it through another Queensland summer – even though we are breaking records this March with a dry and hot Autumn on the horizon! I hope you are all keeping cool and making the most of it. As we roll into the final financial quarter, [...] Single Touch Payroll (STP) – The new GST!
Making Your Life Easier with STP Everyone should be aware of the changes regarding Single Touch Payroll (STP) and the reporting requirements that come with it. For those that need a refresher, we have put together a quick recap. STP Reporting Start Dates If you are an employer with 20 or more employees, you will […]
Queensland Building Construction Commission – New Financial Requirements
New QBCC Reporting Laws and How Businesses Should Comply In an attempt to prevent insolvencies and corporate collapses in the Queensland building and construction industry, the Queensland Building Construction Commission (QBCC) have implemented new reporting laws. The new regulations for Minimum Financial Requirements (MFR) commenced on the 1st of January 2019 and will coincide with […]
What is Fringe Benefit Tax (FBT)?
What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to use […]